Suncity Consulting assists foreign businesses in India with setting up payment gateways, complying with all KYC/KYB procedures, and providing seamless integration with banking systems.
The following documents are necessary to onboard a payment gateway for foreign businesses:
Certificate of Incorporation or a valid business license is required to prove the legal existence of your business in India.
A valid PAN (Permanent Account Number) is mandatory for tax purposes.
Provide a canceled cheque or a bank statement for your business’s current account. The IFSC code and bank details should match the business documents.
Identity and address proof (Passport, Aadhar, or Voter ID) of the authorized signatory of the business.
To operate a business in India, a current account is essential. The following steps and documents are required to open a current account for foreign businesses:
Provide a Certificate of Incorporation or business registration proof from the respective jurisdiction.
Submit PAN details along with identity and address proof for all authorized signatories.
Submit a canceled cheque or a recent bank statement to verify the business's banking credentials.
Provide authorization letters signed by the partners or directors of the business to handle the current account setup process.